EDL 746 - Finance, Budget, and Operations

The objective of this course is to introduce students to the financial operations process within private colleges and universities. The financial statements will be examined in depth in accordance with Generally Accepted Accounting Principles (GAAP). Students will develop skills and strategies for interpreting financial statements and other publicly available data to evaluate the performance of an institution. Additionally, students will examine external reporting requirements and IRS compliance initiatives. Access to capital markets and other debt strategies will be examined, and students will learn to develop debt strategies appropriate to the institution. Students will learn how to develop a financial model to link strategic planning to the budgeting process to assure allocation of resources that meets the institution’s current and long-term needs. The course also examines other key areas within the financial area, including human resource management, fundraising, and risk management.

Credits: 3